6010 South Kingshighway Boulevard

St. Louis, MO 63109

$2,700,000
Price
Beds
30,000 Sq. Ft.
$90 / Sq. Ft.
30,000
Sq. Ft.
$90
per Sq. Ft.

Description

Opportunity to acquire this 25-unit turnkey property located at 6010-6020 South Kingshighway Boulevard in the Princeton Heights neighborhood of South City, St. Louis. Beautiful Art-Deco building constructed in 1940 and fully-renovated in 2013, the Property features a mix of studio, one, two, and three bedroom units. Located in a submarket with historically phenomenal occupancy, allowing investors to acquire a well-performing asset with the opportunity to push rents through further upgrades during...Opportunity to acquire this 25-unit turnkey property located at 6010-6020 South Kingshighway Boulevard in the Princeton Heights neighborhood of South City, St. Louis. Beautiful Art-Deco building constructed in 1940 and fully-renovated in 2013, the Property features a mix of studio, one, two, and three bedroom units. Located in a submarket with historically phenomenal occupancy, allowing investors to acquire a well-performing asset with the opportunity to push rents through further upgrades during the new ownership period. Summary Below:
•Avg. In Place Rents of $1026 is $89 below $1115 market average
•One Studio, Twelve One Bedrooms, Six Two Bedrooms, & Six Three Bedrooms Provide Great Unit Mix
•Currently 92% Occupied
•Exclusive garage parking + gated surface lot (32 spaces) – a rare amenity in this area
•Units feature fully-equipped kitchens w/ stainless steel appliances, hardwood floors, and updated fixtures. •Shared Laundry in the basement – 8 full-size washers and dryers
  1. Listed by Corey Egan • CBRE Inc.
  2. Listed by Matt Bukhshtaber • CBRE Inc.

Amenities

  • Air Conditioning
  • Basement
  • Dryer
  • Forced Air
  • Garage
  • Hardwood Floors
  • Laundry
  • Laundry in Building
LISTING UPDATED: 12/20/2024 10:05 AM

Property Details for 6010 South Kingshighway Boulevard

StatusActive
MLS #24076879
Days on Market2
Taxes$13,156 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1940
Lot Size1.00 AC / 43,560 SF
CountySt. Louis Independent City

Building Information for 6010 South Kingshighway Boulevard

Stories-Residences25Year Built1940Building Size-Lot Size1.00 AC / 43,560 SF

Property Information for 6010 South Kingshighway Boulevard

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Latitude: 38.575406
  • Longitude: -90.283287
  • Location: City
  • Neighborhood: Princeton Heights
  • Postal Code: 63109
  • State Or Province: MO
  • Sub division Name: Princeton Heights
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 5644-00-0220-0
  • Tax Annual Amount: $13,156.00
  • Tax Year: 2024
Owner
  • Township: St. Louis City
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Parking Garage, Parking Lot
School Information
  • Elementary School: Buder Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Long Middle Community Ed. Center
Property
Lot Information
  • Lot Size Acres: 1.0
  • Lot Size Dimensions: 220 ft x 133 ft
  • Lot Size Source: Other
  • Lot Size Square Feet: 43560.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Mid-Rise 3or4 Story
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 30000.0
  • Above Grade Finished Area Source: Other
  • Documents Count: 2
  • Photos Count: 20
  • Videos Count: 0
  • Year Built: 1940
  • Disclosures: Unknown,City,Flood Plain No,Occupancy Perm Req,Sellers Discl Not Av
  • Age: 84
  • Construction Materials: Brick, Frame
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Common Laundry
Multi Family
Multi-Family Information
  • Number Of Units Total: 25
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: 4 Rooms,Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • One Bed Unit Rent: 980
  • Bedroom number of Units: 12
  • TYPE: Apartment Complex
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • Two Bed Unit Rent: 1125
  • Two Bed Unit Units: 6
  • Three Bed Unit Baths: 1 Per Unit
  • Three Bed Unit Includes: Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • Three Bed Unit Rent: 1257
  • Three Bed Unit Units: 6
Income & Expenses
  • Net Operating Income: $159,641.00
  • Total Expenses: 237418.00
Unit 1
  • Unit Bedroom 1: 13x11
  • Unit Dining: 13x10
  • Unit Kitchen: 9x8
  • Unit Living: 18x11
Rental
Rent Information
  • Lease Term: Leases
  • Efficiency Rent: 635
  • Tenant Pays: Electricity
  • Efficiency Baths: 1 Full
  • Efficiency Units: 1

Property History for 6010 South Kingshighway Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6010 South Kingshighway Boulevard

Taxable ValueLand$49,740Additions$107,430Total$157,170
Tax Record2020$12,872 ($1,073 / month)
Home Facts
Total Finished SqFt30,000 SqFtAbove Grade Finished SqFt30,000 SqFtUnfinished Basement SqFt7,500 SqFtLot Size43,560 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningACountySAINT LOUIS CITYAPN56440002200

Schools near 6010 South Kingshighway Boulevard

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Buder Elementary School
PublicPK to 5

Long Middle Community Ed. Center
Public6 to 8

Roosevelt High School
Public9 to 12

Busch Ms Character & Athletics
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6010 South Kingshighway Boulevard is a multi-family home for sale in St. Louis, MO 63109. This property was listed for sale on December 19, 2024 by CBRE Inc., it's currently listed at $2,700,000. It has been on the market for a total of 2 days and was last sold on August 25, 2014. This listing's school district is St. Louis City School District. Nearby schools include Buder Elementary School, Long Middle Community Ed. Center and Roosevelt High School. 6010 South Kingshighway Boulevard is a 0-bed, 0-bath, 30,000 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE Inc.

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.